Michael Creed (Cork North West, Fine Gael)
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Question 545: To ask the Minister for Agriculture, Fisheries and Food the progress made in relation to the programme for Government proposal to retain stamp duty relief that continues to play an important role in the early hand-over of farms to the younger generation; and if he will make a statement on the matter. [28599/08]

Brendan Smith (Cavan-Monaghan, Fianna Fail)
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Stamp duty relief is available for farmers acquiring land, who are aged under 35 years and who have specific agricultural training. Deeds of transfer executed on or after 2 April 2007 and on or before 31 December 2008 are exempt from stamp duty where the transferee meets the conditions of the Scheme operated by the Revenue Commissioners. The purpose of this relief is to encourage the transfer of land to a younger, more highly trained generation of farmers.